Signs it’s time to switch lenders.
You may want to refinance if your current rate is no longer competitive, your fixed term is ending, your financial position has improved, or you need better loan features.
Look beyond the headline rate. Compare fees, cashback offers, offset accounts, redraw, flexibility, and the total long-term cost.
Refinancing only makes sense when the savings or benefits outweigh exit costs, application fees, and any break costs on your current loan.